When folks default on their Mortgage, AIG pays 2x-3x the principle of the loan to the owners of the Mortgage Backed Security associated with the mortgage (which usually includes the bank that wrote the loan).

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This entry was posted on Wednesday, September 30th, 2009 and is filed under Economics. You can follow any responses to this entry through RSS 2.0. You can leave a response, or trackback from your own site.

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When folks default on their Mortgage, AIG pays 2x-3x the principle of the loan to the owners of the Mortgage Backed Security associated with the mortgage (which usually includes the bank that wrote the loan).

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